Question: The SEQUEL financial group is considering three different technology stocks to complement its portfolio: Apple, Microsoft Corporation, and FactSet. The brokers have given the manager

The SEQUEL financial group is considering three different technology stocks to complement its portfolio: Apple, Microsoft Corporation, and FactSet. The brokers have given the manager the following information:

Short-term growth (per $ invested)

Intermediate growth (per $ invested)

Dividend rate

Apple

0.27

1.71

5%

Microsoft

0.39

1.43

6%

FactSet

0.37

1.58

7%

The SEQUEL criteria are as follows: 1) The investment should yield short-term growth of at least $850; 2) the investment should yield intermediate-term growth of at least $5500; 3) the dividends should be at least $200 per year. Determine the least amount SEQUEL can invest and how that investment should be allocated between the three stocks.

Apple Microsoft FactSet
$ invested
Investment
Constraints
Short term growth
Intermediate growth
Dividend income
LHS Sign RHS

PLEASE SOLVE USING SOLVER AND SHOWING EQUATIONS.

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